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Facebook trounces Wall St estimates with sharp ad sales growth

It now has more than 1.7 billion monthly users, well ahead of any rivals

Fri, Jul 29, 2016 - 5:50 AM

Facebook Inc provided more evidence on Wednesday that it can turn eyeballs into profit as the maker of the world's most popular app and social website trounced Wall Street's estimates, sending its shares to an all-time high.

PHOTO: REUTERS

San Francisco

FACEBOOK Inc provided more evidence on Wednesday that it can turn eyeballs into profit as the maker of the world's most popular app and social website trounced Wall Street's estimates, sending its shares to an all-time high.